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    Home > Food News > Food Articles > Japanese seafood imports are hurt by Russia-Ukraine conflict

    Japanese seafood imports are hurt by Russia-Ukraine conflict

    • Last Update: 2022-04-17
    • Source: Internet
    • Author: User
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    From SeafoodNews on March 9, the conflict between Russia and Ukraine has affected the trade of Norwegian salmon .
    Europe, the United States and Japan have imposed sanctions on Russia, removing some Russian banks from the SWIFT system, which has affected Japan ’s imports of crabs from Russia , Seafood such as salmon and sea urchins have an impact .
     
    Japanese trading companies importing Norwegian salmon said that the inability to fly over Russian airspace hindered the shipment of Norwegian salmon to Japan.
    Many flights were cancelled and bookings were difficult.
    Japanese importers are responding with the best supply capacity, but the situation is expected to pass for some time.
    to stabilize
    .

     
    Regarding the import of Russian crab and salmon, the trading company said it would not have an immediate impact, but would closely monitor developments
    .
    According to data from the Japanese Ministry of Finance, last year Japan imported 45% of Russian frozen snow crabs, 92% of frozen king crabs, 78% of frozen pre-made sockeye salmon, and 48% of frozen fish roe (mainly salmon and trout, excluding herring and cod)
    .

     
    Japanese trading firms can negotiate directly with Russian banks to import crab and salmon from Russia, but in many cases trading firms make payments through third-country banks such as Indonesia or Singapore, according to several trading firms
    .
    Since Japanese importers can deposit funds in third countries, trade is unlikely to stop immediately, although Russian shippers will not receive funds from third countries
    .

     
    If Russian companies are unable to recover funds from third countries and fall into financial difficulties, the impact on Japanese importers will be inevitable
    .
    At this point, several trading companies said that they would not rashly stop importing seafood from Russia, and some trading companies said that due to multiple factors, they were discussing and evaluating the import of seafood from Russia, and some large distribution companies were restraining purchases Russian goods
    .

     
      The price of Canadian cod is expected to rise sharply in April once it becomes difficult to obtain seafood from Russia
    .
    Russia is likely to reduce exports to Japan and the United States, especially frozen crab products
    .

     
      Japanese import trading companies believe that the current situation has a huge impact on frozen pre-made salmon and frozen sockeye salmon roe.
    Russian roe has been shipped, and there is no inventory for the time being.
    Although companies have inventory for half a year to a year, but The price of fish roe is bound to increase and will depend more on Alaska for supplies in the future
    .
     
      So far, Japan's Toyosu fish market, although not greatly affected, has expressed concern about the future of sea urchins, salmon and crabs
    .
    Speaking of sea urchins, a wholesaler said that Japan's processing technology is very good, so sea urchins will come in, but if China starts processing, new sales channels will appear
    .

     
      According to the voices of the American media, some lawmakers are opposed to the bill banning the import of Russian seafood, but as the situation in Russia and Ukraine continues to change, Japanese traders have to think that the United States may restrict the import of seafood from Russia in the future, or American companies may take the initiative To stop importing Russian seafood, it is necessary to pay attention to the sanctions announced by the US and Japanese governments for future development
    .
    Salmon U.
    S.
    Imported Crab Sea Urchin Seafood
     
      Japanese trading companies importing Norwegian salmon said that the inability to fly over Russian airspace hindered the shipment of Norwegian salmon to Japan.
    Many flights were cancelled and bookings were difficult.
    Japanese importers are responding with the best supply capacity, but the situation is expected to pass for some time.
    to stabilize
    .
     
      Regarding the import of Russian crab and salmon, the trading company said it would not have an immediate impact, but would closely monitor developments
    .
    According to data from the Japanese Ministry of Finance, last year Japan imported 45% of Russian frozen snow crabs, 92% of frozen king crabs, 78% of frozen pre-made sockeye salmon, and 48% of frozen fish roe (mainly salmon and trout, excluding herring and cod)
    .

     
      Japanese trading firms can negotiate directly with Russian banks to import crab and salmon from Russia, but in many cases trading firms make payments through third-country banks such as Indonesia or Singapore, according to several trading firms
    .
    Since Japanese importers can deposit funds in third countries, trade is unlikely to stop immediately, although Russian shippers will not receive funds from third countries
    .

     
      If Russian companies are unable to recover funds from third countries and fall into financial difficulties, the impact on Japanese importers will be inevitable
    .
    At this point, several trading companies said that they would not rashly stop importing seafood from Russia, and some trading companies said that due to multiple factors, they were discussing and evaluating the import of seafood from Russia, and some large distribution companies were restraining purchases Russian goods
    .

     
      The price of Canadian cod is expected to rise sharply in April once it becomes difficult to obtain seafood from Russia
    .
    Russia is likely to reduce exports to Japan and the United States, especially frozen crab products
    .

     
      Japanese import trading companies believe that the current situation has a huge impact on frozen pre-made salmon and frozen sockeye salmon roe.
    Russian roe has been shipped, and there is no inventory for the time being.
    Although companies have inventory for half a year to a year, but The price of fish roe is bound to increase and will depend more on Alaska for supplies in the future
    .
     
      So far, Japan's Toyosu fish market, although not greatly affected, has expressed concern about the future of sea urchins, salmon and crabs
    .
    Speaking of sea urchins, a wholesaler said that Japan's processing technology is very good, so sea urchins will come in, but if China starts processing, new sales channels will appear
    .

     
      According to the voices of the American media, some lawmakers are opposed to the bill banning the import of Russian seafood, but as the situation in Russia and Ukraine continues to change, Japanese traders have to think that the United States may restrict the import of seafood from Russia in the future, or American companies may take the initiative To stop importing Russian seafood, it is necessary to pay attention to the sanctions announced by the US and Japanese governments for future development
    .
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